Insider Buying: PMC Commercial Trust Director Richard S. Ressler Buys 7,200 Shares of Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler acquired 7,200 shares of the stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average price of $22.96 per share, with a total value of $165,312.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PMC Commercial Trust (NASDAQ:CMCT) traded up 0.62% during mid-day trading on Wednesday, hitting $22.83. 5,669 shares of the company’s stock traded hands. PMC Commercial Trust has a 1-year low of $21.45 and a 1-year high of $51.20. The stock’s 50-day moving average is $22.79 and its 200-day moving average is $36.72. The company has a market cap of $2.227 billion and a price-to-earnings ratio of 38.33.
CIM Commerical Trust Corp, formerly PMC Commercial Trust, together with its wholly owned subsidiaries is a real estate investment trust (NASDAQ:CMCT) that primarily originates loans to small businesses collateralized by first liens on the real estate of the related business.
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